Global Cybersecurity Leader eSentire hits Unicorn Status With US$325M Raise
Waterloo, Ontario-based cybersecurity leader, eSentire is now valued at more than US$1B and is listed in Unicorn.
eSentire Inc., known as a cybersecurity powerhouse, has achieved unicorn status with a valuation of more than US$1B with the raise of US$325 million in new investment funding.
The company has also announced that it has surpassed US$100 million annual recurring value. This is their major milestone, which plans to scale its operations across Europe and the Asia-Pacific region.
For the next 18 months, the company has planned to invest significantly in research and development. It further aims to nearly double its workforce and bring its global employee staff count to more than 1,000 by mid-2023.
eSentire eases the company risk and enables cybersecurity at scale by combining the cutting edge machine learning XDR technology, 24/7 threat hunting, and experienced security operations leadership.
Kerry Bailey, the Chief Executive Officer (CEO) at eSentire, said that eSentire established itself as the leading provider of Managed Detection and Response cybersecurity services. It has protected the reputation and operations of more than 1200 organizations based in over 75 countries from business disruption, with a Mean Time to Contain (MTTC) active cybersecurity threats of less than 15 minutes.
He further added that the organization runs on a people-first mission. “Being CEO, I feel very proud of the extraordinary team that goes miles to protect global customers 24/7. We are also excited to welcome CDPQ to the eSentire team, and we look forward to our continued partnerships with Georgian and Warburg Pincus”.
Future World Wide Expansion Plans
The combined XDR technology at the edge, the industry’s finest cybersecurity specialist, and more than two decades of security operation expertise of the eSentire will put organizations ahead of attack disruption. eSentire has received an impressive 72 Net Promoter Score from its customers for its security commitment. The customer success survey got 100% satisfaction for timely deployment and 98% for overall better protection from business disruption with eSentire MDR.
Working on Artificial Intelligence (AI) Technology
eSentire is getting prepared for the next phase of growth, as their Atlas XDR Cloud Platform would continue to provide AI advantages. The hardening of customer security by proactively pushing each customer threat detection model. The Security Network Effect provides a high level of security in today’s expanding cybercrime environment, which is a key driver of business adoption of both eSentire MDR and Atlas XDR SaaS solutions.
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